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Definitions

deduction

[dih-duhk-shuhn] / dɪˈdʌk ʃən /




Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

RMDs can push you into a higher tax bracket, disqualify you from income-sensitive deductions and credits, and trigger higher Medicare premiums.

From Barron's

More than four in 10 returns so far have claimed at least one of the new deductions.

From The Wall Street Journal

So far, the $12,500 overtime-pay tax break has been the most frequently used deduction and the $6,000 senior bonus has provided the biggest increase to the size of people’s refunds, he said.

From MarketWatch

But devotees do want someone called “Sherlock Holmes” to have some passing resemblance to the character they know—the coolly cerebral detective whose self-containment is as pronounced as his deductions.

From The Wall Street Journal

About three decades ago, an accountant profited from dubious deductions he put on the tax returns of an unsuspecting client.

From MarketWatch